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Commercial Service Robotics - Peru

Peru
  • Revenue in the Commercial Service Robotics market is projected to reach US$6.96m in 2024.
  • Medical service robotics dominates the market with a projected market volume of US$3.41m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -4.51%, resulting in a market volume of US$5.52m by 2029.
  • In global comparison, most revenue will be generated United States (US$4.99bn in 2024).

Definition:

The Commercial Service Robotics market presents the market size of service robotics in commercial use cases, e.g., medical robots, logistic robots, and agriculture robots.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Additional information:

The market comprises revenues, volume, and the average price per new installed robot. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robots. It is shown in manufacturer prices. Software revenues are included as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Intuitive Surgical, ABB, and Agrobot.

For more information on the data displayed, use the info button right next to the box.

In-Scope

  • Medical Service Robotics
  • Logistic Services Robotics
  • Agriculture Service Robotics
  • Other Service Robotics

Out-Of-Scope

  • Consumer Service Robotics
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Robotics: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Volume

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Price

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Commercial service robotics market in Peru is currently experiencing a subdued decline in growth. Factors such as the slow adoption of digital technologies, limited health awareness among consumers, and the high cost of online health services are impacting the market's growth rate. However, the Agriculture, Logistics, Medical, and Other Service Robotics sub-markets have the potential to drive growth in the overall Service Robotics market in Peru.

    Customer preferences:
    There has been a noticeable increase in demand for commercial service robotics in Peru, as businesses are looking to automate tasks and improve efficiency. This trend is particularly evident in the hospitality and retail sectors, where robots are being used for tasks such as cleaning, inventory management, and customer service. Additionally, the growing middle class in Peru is driving the demand for service robots, as they seek out modern and convenient solutions for their daily needs. This shift towards automation is expected to continue as the country's economy grows and technology becomes more accessible.

    Trends in the market:
    In Peru, the Commercial service robotics market is seeing an increased demand for autonomous delivery robots, especially in the food and beverage industry. This trend is driven by the need for contactless delivery services amidst the COVID-19 pandemic. Additionally, there is a growing interest in using service robots for cleaning and disinfection in public spaces. These trends suggest a shift towards automation and digitalization in the service sector, which could lead to greater efficiency and cost savings for businesses. However, there may also be concerns about job displacement and the need for retraining of workers. Overall, the trajectory of these trends in Peru's service robotics market indicates a growing acceptance and adoption of technology in the service industry.

    Local special circumstances:
    In Peru, the Commercial service robotics Market is growing due to the country's focus on modernizing its industries and increasing efficiency. The market is also being driven by the government's initiatives to promote the use of robotics in various sectors, such as agriculture and manufacturing. Additionally, Peru's unique geography, with its diverse terrain and climate, presents opportunities for service robots to be utilized in areas such as mining, transportation, and disaster management. The country's rich cultural heritage also plays a role in shaping the market, with a growing demand for robots that can assist in preserving and promoting traditional practices. However, regulatory challenges and limited technical expertise are barriers that must be addressed for the market to reach its full potential.

    Underlying macroeconomic factors:
    The growth of the Commercial service robotics market is also influenced by macroeconomic factors such as technological advancements, government support, and investment in infrastructure. Countries with favorable regulatory environments and strong investment in service robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and efficiency in various industries, coupled with the rising labor costs and shortage of skilled workers, is driving the adoption of service robotics in Peru.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

    Modeling approach / Market size:

    Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

    Additional notes:

    The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    Industrial robots worldwide - statistics & facts

    Despite the frightening, almost Terminator-esque, way the phrase “there are robots everywhere” might sound, the increased use of robotics has been a boon to both consumers and enterprises worldwide. The industrial robot market has seen steady growth across the globe and is expected to continue growing as automation becomes ever more vital to businesses. This stems largely from mechanical automation, reducing production costs and improving efficiency. This increased demand due to greater automation, especially in the United States and Europe, is likely to mean that the price increase per robot unit will remain modest.
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